RBI Approves Mahesh Muralidhar Pai as MD and CEO of South Indian Bank
The Reserve Bank of India (RBI) has approved the appointment of Mahesh Muralidhar Pai as the Managing Director and CEO of South Indian Bank for a period of three years starting from October 1, 2026. The market reaction to the news has been significant, with the bank’s shares tanking 9.86% to the day’s low of Rs 43.02 on BSE.